James Dines, writing in the May 18, 2012, issue of The Dines Letter, says hold Rare Element Resources Ltd. at $3.84. The editor recommended the stock five times between Aug. 14, 2009, and Jan. 12, 2012, at prices ranging from $2.25 to $9.56. Assuming an investment of $1,000 for each of the five buys, the $5,000 investment would now be worth $4,181. The editor says persistent selling pressures, without counterattacking rallies is a phenomenon he has not seen often. In the past, however, he says it has usually led to a chart formation he calls a "Waterfall Decline," ending in an all-out selling binge. While it has not yet happened in the whole market, Mr. Dines says he is shocked at the amount of selling in the rare earth group. He he is confident it has nothing to do with company-specific fundamentals; instead, he understand the selling is a result of resource funds receiving margin calls and being forced to sell, a classic margin panic. If this is the case, he says, blocks of rare earth stocks are for sale at any price, which means some incredible bargains are available.